Latest / Selling Sacramento: Market Clarity with Agent Kee
Short Sales, Explained
About two percent of mortgaged homes in this country are underwater. That number is nowhere near where it was during the Great Recession, and it is not a description of your house. The stress in today's market is concentrated, not spread evenly. If you are standing in one of those pockets, the national average does not help you.
In this episode, Agent Kee walks through short sales from the homeowner's side of the table.
She explains what a short sale is in plain terms, how it differs from foreclosure, a loan modification, and a deed in lieu, and why understanding those differences can protect…
The skinny
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